Intended Implementation of harmonised European Public Sector Accounting Standards (EPSAS) in the Member States of the European Union
| Audit Id | 1515573763656 |
|---|---|
| Title | Intended Implementation of harmonised European Public Sector Accounting Standards (EPSAS) in the Member States of the European Union |
| Title in original language |
Angestrebte Einführung harmonisierter Rechnungsführungsgrundsätze für den öffentlichen Sektor (EPSAS) in den Mitgliedstaaten der Europäischen Union German |
| Year | 2017 |
| Subject |
Auditing and Financial Management International Affairs |
| Type |
Compliance/Legality |
| Type of performance |
Performed by single SAI |
| Comments | The European Commission (the Commission) intends to introduce harmonised European Public Sector Accounting Standards (EPSAS) in the Member States of the European Union. These standards are intended to provide better comparable data and a more reliable basis for economic and fiscal governance within the EU, thus helping to avoid future sovereign debt crises. The EPSAS are to be based on accrual accounting and to be binding for all levels of government. According to estimates made by the Commission, the costs of implementing EPSAS in Germany alone are expected to amount to €3.1 billion. However, the reliability of such estimates is doubtful. We believe that the actual financial burdens will be higher. |
| Author |
Germany |
| Materials |
Press release English Audit report English Press release German Audit report German |
| Contact |
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